Cantor Fitzgerald L. P. Makes New Investment in Corning Incorporated $GLW

Cantor Fitzgerald L. P. purchased a new position in Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,233 shares of the electronics maker’s stock, valued at approximately $1,332,000.

A number of other large investors also recently modified their holdings of the business. Bank of Nova Scotia increased its stake in Corning by 3.7% during the 3rd quarter. Bank of Nova Scotia now owns 130,165 shares of the electronics maker’s stock valued at $10,677,000 after buying an additional 4,647 shares during the period. Aristotle Capital Management LLC acquired a new stake in shares of Corning in the 3rd quarter worth approximately $230,000. Alliancebernstein L.P. boosted its holdings in shares of Corning by 41.8% in the third quarter. Alliancebernstein L.P. now owns 1,838,270 shares of the electronics maker’s stock valued at $150,793,000 after acquiring an additional 541,451 shares in the last quarter. Perissos Private Wealth Management LLC bought a new position in shares of Corning in the third quarter valued at approximately $306,000. Finally, Creative Planning increased its stake in shares of Corning by 6.6% during the third quarter. Creative Planning now owns 251,734 shares of the electronics maker’s stock valued at $20,650,000 after acquiring an additional 15,689 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Corning

In other news, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the completion of the sale, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. This represents a 81.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Avery H. Nelson III sold 1,583 shares of Corning stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the completion of the transaction, the chief operating officer directly owned 59,788 shares in the company, valued at $7,697,107.12. This represents a 2.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 233,201 shares of company stock valued at $32,614,558 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target to $144 and reiterated a “buy” rating, citing a potential ~$10.3B scale-out revenue opportunity that could drive meaningful upside. BofA price target raise
• Positive Sentiment: Corning expanded its AI data-center connectivity portfolio by licensing PRIZM TMT ferrule technology from US Conec, improving high-density optical connectivity for AI/GenAI networks — a direct catalyst for optical revenue growth. Zacks: Corning expands AI data center portfolio
• Positive Sentiment: Coverage consensus is supportive: analysts on aggregate have a “moderate buy” recommendation, which can sustain investor demand and limit downside. Analyst consensus: Moderate Buy
• Positive Sentiment: Zacks highlighted GLW as a top-ranked growth stock under its style scores, reinforcing the growth narrative for momentum investors. Zacks: Top-ranked growth stock
• Positive Sentiment: Market coverage notes strong GenAI-driven demand for optical communications, supporting near-term revenue momentum in Corning’s Optical Communications segment. Yahoo: GenAI-driven optical demand
• Neutral Sentiment: Some outlets present mixed analyst views and valuation questions despite recent gains; these pieces underscore investor caution around stretched multiples after a large run-up. Globe and Mail: Mixed analyst opinions
• Neutral Sentiment: An investor-focused article lists two bullish reasons and one skepticism point — useful for watchlist investors but highlights the need to weigh growth vs. valuation. Yahoo: 2 reasons to like, 1 to be skeptical

Corning Trading Down 0.5%

Shares of NYSE:GLW opened at $129.19 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a market capitalization of $110.84 billion, a price-to-earnings ratio of 70.21, a PEG ratio of 2.22 and a beta of 1.05. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $162.10. The company has a 50 day moving average price of $117.74 and a 200 day moving average price of $95.28.

Corning (NYSE:GLW) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. Corning’s payout ratio is 60.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GLW shares. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. UBS Group boosted their price objective on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.

Corning Company Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.